Kabe Exploration Inc. (KABX)
Today, KABX has shed (-5.26%) down -0.0010 at $.0180 with�158,078 shares in movement thus far (ref. google finance Delayed: 12:22PM EDT June 19, 2013), but don�� let this get you down.
Kabe Exploration Inc. previously reported it has entered into a letter of intent to form a joint venture partnership with Canadian oil and gas holding company International Equity Partners Oil & Gas, Inc. for the exploration and development of 7,300 acres of oil leases in the highly productive Mississippian field of southern Kansas. International Equity Partners Oil & Gas will contribute capital and expertise toward developing the assets for production. KABE�� five year operational plan is expected to bring 24 new oil wells into production.
Take a look at Kabe Exploration Inc. (KABX) 5 day chart:
5 Best Warren Buffett Stocks To Watch For 2015: MineralRite Corp (RITE)
MineralRite Corporation, formerly Royal Quantum Group Inc., incorporated on October 22, 1996, is a development-stage company. The Company is engaged in the acquisition, exploration and development of oil and gas and mineral properties. During the year ended December 31, 2009, the Company acquired a 36% interest in the drilling and development of the Gleason 4-16 well located in Oklahoma. In April 2013, it acquired the entire share capital of Goldfield International Inc.
The Company owns 100% interest in 1,540 acres that consist of 77 claims of prospective uranium property. The prospective uranium property is located adjacent to the Sheep Mountain Mine in Fremont County, Central Wyoming, approximately 90 miles southwest of Casper, Wyoming.
Advisors' Opinion:- [By Peter Graham]
Small cap stocks MineralRite Corp (OTCMKTS: RITE), New China Global Inc (OTCMKTS: NCGI) and Metrospaces Inc (OTCMKTS: MSPC) have all been getting some extra attention lately in various investment newsletters thanks to a few paid promotions. Of course, there is nothing wrong with properly disclosed promotions or investor relations type of activities, but they can and often do backfire on unwary investors and traders alike. So how hot are these three small caps for investors? Here is a quick reality check:
Hot Gas Companies To Invest In Right Now: Transocean Ltd (RIGN.VX)
Transocean Ltd. (Transocean) is an international provider of offshore contract drilling services for oil and gas wells. The Company operates in two segments: contract drilling services and other operations. Contract drilling services, the Company�� primary business, includes contracting Transocean�� mobile offshore drilling fleet, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. Its other operations segment includes drilling management services, and oil and gas properties. It participates in oil and gas exploration and production activities. In November 2010, it purchased a PPL Pacific Class 400 design High-Specification Jackup, which is under construction at PPL Shipyard Pte Ltd. in Singapore. Subsequent to the year ended December 31, 2010, it completed the sale of the High-Specification Jackup Trident 20. On October 4, 2011, the Company acquired, through Transocean Services AS, Aker Drilling ASA.
During 2010, the Company completed the sale of two Midwater Floaters, GSF Arctic II and GSF Arctic IV. As of February 10, 2011, Transocean owned, had partial ownership interests in or operated 138 mobile offshore drilling units. As of February 10, 2011, Transocean�� fleet consisted of 47 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh Environment semisubmersibles and drillships), 25 Midwater Floaters, nine High-Specification Jackups, 54 Standard Jackups and three Other Rigs. In addition, the Company had one Ultra-Deepwater Floater and three High-Specification Jackups under construction. During 2010, the Company completed construction of five Ultra-Deepwater newbuilds, four of which have commenced their respective contracts. As of December 31, 2010, it held 50% interest in Transocean Pacific Drilling Inc. (TPDI), 65% interest in Angola Deepwater Drilling Company Limited (ADDCL) and a 50% interest in Overseas Drilling Limited (ODL).
Drilling Fleet
Transocean principally operates three types of drilling rig! s: drill ships, semisubmersibles and jackups. Also included in its fleet are barge drilling rigs and a coring drillship. Its fleet includes High-Specification Floaters, which consists of the Company�� Ultra-Deepwater Floaters, Deepwater Floaters and Harsh Environment Floaters; Midwater Floaters, High-Specification Jackups, Standard Jackups and Other Rigs. High-Specification Floaters are specialized offshore drilling units that it categorizes into three sub-classifications. Ultra-Deepwater Floaters are equipped with high-pressure mud pumps and are capable of drilling in water depths of 7,500 feet or greater. Deepwater Floaters include other semisubmersible rigs and drillships capable of drilling in water depths between 7,200 and 4,500 feet. Harsh Environment Floaters are capable of drilling in harsh environments in water depths between 5,000 and 1,500 feet and have greater displacement, which offers variable load capacity, useable deck space and better motion characteristics. Midwater Floaters consist of non-high-specification semisubmersibles that have a water depth capacity of less than 4,500 feet. High-Specification Jackups consist of its jackups, and Standard Jackups consist of the Company�� remaining jackup fleet.
As of February 10, 2011, Transocean�� fleet was located in the Far East (29 units), Middle East (17 units), West African countries other than Nigeria and Angola (16 units), United States Gulf of Mexico (14 units), United Kingdom North Sea (13 units), India (11 units), Brazil (10 units), Nigeria (seven units), Norway (five units), Angola (five units), the Mediterranean (three units), the Netherlands (three units), Australia (three units) and Canada (two units). As of February 10, 2011, its four rigs under construction included Deepwater Champion, Transocean Honor, High-Specification Jackup TBN1 and High-Specification Jackup TBN2. As of February 10, 2011, the Company�� Midwater Floaters included Sedco 700, Transocean Amirante, Transocean Legend, GSF Arctic I, C. Kirk Rhe! in, Jr. a! nd GSF Rig 135. As of February 10, 2011, its High-Specification Jackups included GSF Constellation I, GSF Constellation II, GSF Galaxy I, GSF Galaxy II, GSF Galaxy III and GSF Baltic. As of February 10, 2011, the Company�� Standard Jackups included Trident IX, GSF Adriatic II, GSF Adriatic IX, GSF Adriatic X, GSF Key Manhattan, GSF Key Singapore, GSF Adriatic VI and GSF Adriatic VIII.
Contract Drilling Services
Transocean�� primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. Transocean�� contracts to provide offshore drilling services are individually negotiated and vary in their terms and provisions.
Drilling Management Services
The Company provides drilling management services primarily on a turnkey basis through Applied Drilling Technology Inc., its wholly owned subsidiary, which primarily operates in the United States Gulf of Mexico, and through ADT International, a division of one of its United Kingdom subsidiaries, which primarily operates in the North Sea (together, ADTI). ADTI provides oil and gas drilling management services on a dayrate basis or a completed-project, fixed-price (or turnkey) basis, as well as drilling engineering and drilling project management services. As part of its turnkey drilling services, the Company provides planning, engineering and management services. Under turnkey arrangements, it designs and executes of a well and delivers a logged or cased hole to an agreed depth. In addition to turnkey drilling services, Transocean participates in project management operations that include providing certain planning, management and engineering services, purchasing equipment and providing personnel and other logistical services to customers.
Integrated Services
Transocean provides well and logistics services in addition to its normal drilling services through third party contractors and the Company�� employees. These o! ther serv! ices include integrated services. As of February 10, 2011, it was performing such services in India.
Oil and Gas Properties
The Company conducts oil and gas exploration, development and production activities through its oil and gas subsidiaries. It acquires interests in oil and gas properties principally in order to facilitate the awarding of turnkey contracts for Transocean's drilling management services operations. The Company�� oil and gas activities are conducted through Challenger Minerals Inc. and Challenger Minerals (North Sea) Limited (together, CMI), which hold property interests primarily in the United States offshore Louisiana and Texas and in the United Kingdom sector of the North Sea.
Advisors' Opinion:- [By Anna Prior]
Among the companies with shares expected to actively trade in Monday’s session are ViroPharma Inc.(VPHM), Transocean Ltd.(RIGN.VX) and Gogo Inc.(GOGO)
Hot Gas Companies To Invest In Right Now: Memorial Production Partners LP (MEMP)
Memorial Production Partners LP incorporated on April 4, 2011, is a limited partnership formed by Memorial Resource to own, acquire and exploit oil natural gas properties in North America. As of December 31, 2012, the Company�� total estimated proved reserves were approximately 609 Billions of Cubic Feet Equivalent (Bcfe), of which approximately 62% were natural gas and 59% were classified as proved developed reserves. As of December 31, 2012, the Company produced from 1,671 gross (731 net) producing wells across its properties, with an average working interest of 44%. On April 1, 2012, it acquired oil and natural gas producing properties in East Texas from Memorial Resource Development LLC. In May 2012, it acquired oil and natural gas properties in East Texas and North Louisiana. Effective April 1, 2012, the Company acquired certain oil and natural gas properties in East Texas from Memorial Resource Development LLC. In October 2012, the Company acquired oil and natural gas properties in East Texas from Goodrich Petroleum Corporation. On December 12, 2012, the Company acquired oil and gas producing properties offshore Southern California from Rise Energy Partners, LP. In March 2013, the Company announced that it has closed its acquisition of certain oil and natural gas producing properties in East Texas and North Louisiana from its sponsor, Memorial Resource Development LLC. In September 2013, Memorial Production Partners LP closed two separate transactions to acquire certain oil and natural gas properties from third parties in East Texas and in the Rockies. In October 2013, the Company acquired oil and natural gas properties in the Permian Basin, East Texas, and the Rockies.
The Company�� properties are located in South and East Texas and consist of mature, legacy onshore oil and natural gas reservoirs. The Partnership Properties consist of operated working interests in producing and undeveloped leasehold acreage and in identified producing wells in South and East Texas, and non-ope! rated working interests in producing and undeveloped leasehold acreage. As of December 31, 2012, approximately 58% of its estimated proved reserves and approximately 53% of its average daily net production were located in the East Texas/North Louisiana region. Its East Texas/Louisiana properties include wells and properties located in Navarro, Anderson, Wood, Upshur, Gregg, Harrison, Rusk, Panola, Leon, Polk, Smith, Tyler and Shelby Counties, Texas and De Soto and Lincoln Parishes, Louisiana. Its East Texas/North Louisiana properties include properties in the Joaquin and Carthage fields in Panola and Shelby Counties, the Willow Springs field located in Gregg County, the East Henderson field located in Rusk County, and the Terryville field located in Lincoln Parish.
As of December 31, 2012, approximately 27% of its estimated proved reserves and approximately 35% of average daily net production were located in the South Texas region. Its South Texas properties include wells and properties in numerous natural gas weighted fields located in McMullen, Live Oak, Duval, Jim Hogg, Webb and Zapata Counties, Texas, including the NE Thompsonville, Laredo and East Seven Sisters fields. The Company�� South Texas properties contained 167 Bcfe of estimated net proved reserves as of December 31, 2012. The Company�� Beta properties, consist of a 51.75% working interest and a 35.03% average net revenue interest in three Pacific Outer Continental Shelf blocks (P-0300, P-0301 and P-0306); a 4.575% overriding royalty interest in the Beta unit; a 51.75% undivided interest in two wellbore production platforms with permanent drilling equipment systems and one production handling and processing platform, and a 51.75% controlling equity interest in a 17.5-mile pipeline and an onshore tankage and metering facility. The Company�� Beta properties include a 51.75% undivided interest in Ellen and Eureka platforms. The Beta properties include a controlling interest in the San Pedro Bay Pipeline Company, which owns a! nd operat! es a 16-inch diameter oil pipeline.
Advisors' Opinion:- [By Aimee Duffy]
Distributions are incredibly important to master limited partnerships -- they are the reason many investors buy in, and ultimately what drive the market performance for this asset class. As news of distribution increases trickle in for the third quarter, Fool.com contributor Aimee Duffy takes a look at the payouts from Genesis Energy (NYSE: GEL ) , Plains All American Pipeline (NYSE: PAA ) , and Memorial Production Partners (NASDAQ: MEMP ) , as all three MLPs are leading the way with the biggest distribution increases.
- [By Lauren Pollock]
Memorial Production Partners LP(MEMP) unveiled a secondary offering of about 7.1 million units. Memorial Production said the offering represents interests owned by sponsor Memorial Resource Development LLC, which will receive all the net proceeds from the offering. Shares slid 3.8% to $19.67 premarket.
- [By CRWE]
Memorial Production Partners LP (Nasdaq:MEMP) reported that it has signed a definitive agreement to acquire certain oil and natural gas properties in East Texas from Goodrich Petroleum Corporation, for a purchase price of $95 million, subject to customary purchase price adjustments.
Hot Gas Companies To Invest In Right Now: QEP Midstream Partners LP (QEPM)
QEP Midstream Partners, LP (QEP), incorporated on April 19, 2013, is a limited partnership formed by QEP Resources, Inc. to owns, operates, acquires and develops midstream energy assets. The Company�� primary assets consist of ownership interests in four gathering systems and two Federal Energy Regulatory Commission (FERC)-regulated pipelines, through which it provides natural gas and crude oil gathering and transportation services. The Company�� assets are located in, or are within close proximity to, the Green River Basin located in Wyoming and Colorado, the Uinta Basin located in eastern Utah, and the portion of the Williston Basin located in North Dakota. As of December 31, 2012, the Company�� gathering systems had 1,475 miles of pipeline and an average gross throughput of 1.8 million british thermal units per hour of natural gas and 18,224 barrels of crude oil.
Green River System
The Company�� Green River System, located in western Wyoming, consists of three complimentary systems owned by Green River Gathering, Rendezvous Gas and Rendezvous Pipeline and gathers natural gas production from the Pinedale, Jonah and Moxa Arch fields. In addition to gathering natural gas, the system also gathers and stabilizes crude oil production from the Pinedale Field, transports the stabilized crude oil to an interstate pipeline interconnect, and gathers and handles produced and flowback water associated with well completion activities in the Pinedale Field. The Green River Gathering assets are comprised of 405 miles of natural gas gathering pipelines, 61 miles of crude oil gathering pipelines, 81 miles of water gathering pipelines and a 60-mile, FERC-regulated crude oil pipeline located in the Green River Basin. The Rendezvous Gas assets consist of three parallel, 103-mile high-pressure natural gas pipelines, with 1,032 million cubic feet per day of throughput capacity and 7,800 basic hydrogen peroxide of gas compression. Rendezvous Pipeline�� sole asset is a 21-mile, FERC-regu! lated natural gas transmission pipeline that provides gas transportation services from QEP�� Blacks Fork processing complex in southwest Wyoming to an interconnect with the Kern River Pipeline.
Vermillion Gathering System
The Vermillion Gathering System consists of gas gathering and compression assets located in southern Wyoming, northwest Colorado and northeast Utah, which, when combined, include 454 miles of low-pressure, gas gathering pipelines and 23,197 basic hydrogen peroxide of gas compression. The Vermillion Gathering System is primarily supported by life-of-reserves and long-term, fee-based gas gathering agreements with minimum volume commitments, which are designed to ensure that it will generate a certain amount of revenue over the life of the gathering agreement by collecting either gathering fees for actual throughput or payments to cover any shortfall. The primary customers on our Vermillion Gathering System include Questar, Samson Resources Corporation (Samson Resources), QEP and Chevron USA, Inc. (Chevron).
Three Rivers Gathering System
Three Rivers Gathering is a joint venture between QEP and Ute Energy Midstream Holdings, LLC (Ute Energy) that was formed to transport natural gas gathered by Uintah Basin Field Services, L.L.C., an indirectly owned subsidiary of QEP (Uintah Basin Field Services), and other third-party volumes to gas processing facilities owned by QEP and third parties. The Three Rivers Gathering System consists of gas gathering assets located in the Uinta Basin in northeast Utah, including approximately 50 miles of gathering pipeline and 4,735 basic hydrogen peroxide of gas compression.
Williston Gathering System
The Williston Gathering System is a crude oil and natural gas gathering system located in the Williston Basin in McLean County, North Dakota. The Williston Gathering System includes 17 miles of gas gathering pipelines, 17 miles of oil gathering pipelines 239 basic hydrogen peroxide o! f gas com! pression, and a crude oil and natural gas handling facility, located primarily on the Fort Berthold Indian Reservation.
The Company competes with Enterprise Products Partners, L.P., Western Gas and The Williams Companies, Inc.
Advisors' Opinion:- [By Jon C. Ogg]
QEP Midstream Partners L.P. (NYSE: QEPM) was started as Buy at Janney Capital, and note that four other firms started coverage earlier this week.
ServiceNow Inc. (NYSE: NOW) was started as Buy with a $55 price target at Canaccord Genuity.
Hot Gas Companies To Invest In Right Now: Pinecrest Energy Inc (PNCGF.PK)
Pinecrest Energy Inc. (Pinecrest), formerly Antler Creek Energy Corp., is a Canada-based junior oil and gas exploration company. Pinecrest is engaged in the acquisition, exploitation and development of petroleum and natural gas-related assets primarily in Western Sedimentary Basin. During the fiscal year ended July 31, 2010 (fiscal 2010), Pinecrest was engaged in two (0.4 net) wells that were drilled in the southeast Saskatchewan Bakken. On July 14, 2010, the Company acquired the Loon Properties. On July 14, 2010, Pinecrest acquired the Red Earth #1 Properties. On July 15, 2010, the Company acquired the Red Earth #2 Properties. Advisors' Opinion:- [By MLP Trader]
Here are the current top five companies in the list:
CompanySymbolEV/BOEPD/NetbackPrice/NAVEV/DACFPinecrest(PNCGF.PK)53564%4.0XLightstream(LSTMF.PK)131753%4.5XNovus(NOVUF.PK)133290%4.1XZargon(ZARFF.PK)138664%5.6XTwin Butte(TBTEF.PK)155885%5.5XOf the larger companies, one that remains obstinately near the top of the list is Lightstream . Lightstream trades at 40% of its book value and a whopping 13.4% yield.
Hot Gas Companies To Invest In Right Now: CST Brands Inc (CST)
CST Brands, Inc., incorporated on November 7, 2012 , is a retailer of transportation fuels and convenience goods in North America. As of April 30, 2013, the Company operated 1,032 Corner Stores throughout the United States, including Texas, Louisiana, Arkansas, Oklahoma, New Mexico, Colorado, Wyoming, Arizona and California. Its stores also provide prepared foods. In May 2013, the Company announced that the Company which includes Corner Store and Depanneur du Coin, spun off from Valero Energy Corporation.
The Company offers a range of products, such as snack foods, tobacco products, beverages and fresh foods, including its own brands: Fresh Choices sandwiches, salads and packaged goods; U Force energy drinks; Cibolo Mountain coffees (the United States); Transit Cafe coffee and bakery (Canada); FC bottled sodas, and Flavors 2 Go fountain sodas. Its Corner Store locations also provide in-store Subway sandwich shops.
Advisors' Opinion:- [By WWW.GURUFOCUS.COM]
CST Brands Inc. (0.4%) (CST)(CST - $31.24 - NYSE), headquartered in San Antonio, Texas, is one of the largest independent convenience store operators in North America, with 1,900 stores located in nine U.S. midwest states and Canada. The company was spun-off by Valero on May 1, 2013. CST's store-base is concentrated in markets with above average population growth; 849 of the 1,034 total U.S. stores are located in three states with projected cumulative population growth of over 15% over the next decade: Texas (628), Colorado (158) and Arizona (63). CST owns the majority of its real estate, which mitigates lease risk and should provide downside protection. We estimate the real estate to be worth in the range of $1.5 billion to $2 billion or ~$20 to $26 per CST share. CST has generated $12.8 billion in revenue and $366 million of EBITDA during 2013.From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund first quarter 2014 shareholder commentary. Also check out: Mario Gabelli Undervalued Stocks Mario Gabelli Top Growth Companies Mario Gabelli High Yield stocks, and Stocks that Mario Gabelli keeps buying Currently 0.00/512345
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